Global Floating Power Plant Market 2017-2022 – Analysis by Power Source, Non-Renewable, Capacity, and Region – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “Floating
Power Plant Market by Power Source (Renewable (Gas Turbines, IC
Engines), Non-Renewable (Solar Panels Floating Structures, Wind
Turbines, Sub-Structure)), Capacity, and Region – Global Forecast to
2022” report has been added to Research and Markets’
offering.

The global floating power plant market is expected to grow from an
estimated USD 889.6 Million in 2017 to USD 1,440.1 Million by 2022, at a
CAGR of 10.11%, from 2017 to 2022.

The factors driving the market include increasing demand for power,
coupled with the lack of power infrastructure, benefits over land based
power plants (majorly as it eliminates the land acquisition related
problems), and energy efficiency mandates and demand for clean energy
(renewable energy source). High capital cost associated with
transportation, logistics, and accessibility issues is a key restraint
for the growth of the floating power plant market.

The renewable power source segment is estimated to be the fastest
growing segment, due to the increasing demand for energy efficiency
mandates and demand for clean energy (renewable energy source), combined
with the problems related to land acquisition in relation with the
construction of power plants. Further, the floating offshore wind
minimizes the problems faced by the offshore wind industry, at water
depths greater than 60 meters, and is expected to drive the renewable
power source segment during the forecast period.

The 20.1 MW to 100 MW capacity segment is estimated to be the fastest
growing segment, owing to the increase in projects for floating solar
and wind. This segment is expected to account for most of the shares of
the renewable power sources by 2022 and the rise in demand for clean
energy would drive this segment.

The European region is expected to be the fastest growing segment of the
floating power plant industry, as the European region has the highest
offshore wind potential, and the countries in the region are focusing on
energy generation from renewable sources. According to the European
Commission, Europe has set a target of 20% energy generation from
renewable sources. Thus, the European region is expected to grow at the
fastest rate.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Floating Power Plant Market, By Power Source

7 Floating Power Plant Market, By Capacity

8 Floating Power Plant Market, By Region

9 Competitive Landscape

10 Company Profiles

• Caterpillar Inc.
• Ciel & Terre International
• Floating Power Plant A/S
• General Electric Company
• Ideol Sa
• Kyocera Corporation
• Man Diesel & Turbo Se
• Mitsubishi Corporation
• Principle Power, Inc.
• Seatwirl Ab
• Siemens Ag
• Upsolar Global Co., Ltd
• Vikram Solar Pvt. Ltd.
• Wrtsil Corporation
• Yingli Green Energy Holding Company Limited

For more information about this report visit https://www.researchandmarkets.com/research/tf3swq/floating_power

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Related
Topics: Electricity